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Posts

mits,
well we don't need to worry about this* with you, do we?
you need some boundaries dood. jk
*https://www.wakingtimes.com/2018/08/13/george-orwell-warned-us-of-the-most-dangerous-type-of-censorship/
...
must disagree again... keeping billions herded is not that difficult... herds for the most part tend to herd themselves with occasional help from fences and shepherds... to make it even easier - keep them malnourished on empty foods... keep them serially sick and weak from toxins and pharm ... keep them doped up on synthetic pain and symptom suppressor meds ... maintain relentless attacks on the functional aspects of cultures, while building a culture that features only operating as physical beings with no contact with 'spirit', with the consequent lack of feeling culpable for their world ... keep them polarized and divided and in 'broken' relationships ... keep their brains saturated 24 7 with a fake orthodoxy, a global distributed script, body of consensus ideas with the unspoken hint that all right-thinking people will accept it without question... censor the outspoken deviants as harshly as needed... track every move the relatively small sample of profiled deviants make ... have the dogs ready to round them up and pushed back onto the plantation, or into retraining prisons, or killed...

USDJPY: Sees Further Recovery Higher
USDJPY: The pair looks to extend further recovery higher as more strength is likely. On the downside, support lies at the 110.50 level where a break if seen will aim at the 110.00 level. A cut through here will turn focus to the 109.50 level and possibly lower towards the 109.00 level. On the upside, resistance resides at the 111.50 level. Further out, we envisage a possible move towards the 112.00 level. Further out, resistance resides at the 112.50 level with a turn above here aiming at the 113.00 level. On the whole, USDJPY faces further recovery pressure.

European Fixed Income Outlook: German 10-year Bund yields jumped higher from the off and as of 06:19 GMT, are up 1.8 bp at 0.326%, underperforming Treasuries and JGBs, which showed rates rising 1.6 bp and 1.0 bp respectively. Stronger than expected growth numbers at the start of the session added pressure on Bunds, after core yields already started to back up again as stock markets stabilized and Turkey jitters receded somewhat. Japanese markets bounced back overnight and European stock futures are moving higher alongside US futures. Bundesbank’s Wuermeling suggested one should not “over dramatize” the risk of Turkey contagion, adding that ECB didn’t see the need for a risk meeting so far. As long as there is not a further dramatic escalation, the turbulence is not expected to derail ECB’s course towards a phasing out of QE. Already released German July HICP was confirmed at 2.1% y/y. Still to come are German ZEW confidence, the 2nd reading of Q2 Eurozone GDP and UK labour market data.

FX Update: Safe haven positioning were unwound some today, which saw the Dollar and Yen traded softer against most other currencies after Ankara managed to halt the rout of the Lira, which in turn brought a reprieve in still-fragile global markets. Most stock markets found a footing in Asia, and USA500 futures are showing a 0.3% gain, reversing most of yesterday’s regular-session’s losses, though Chinese markets were an exception, declining after a batch of economic data showed the economy to have hit a rough patch, while investment growth was shown to have reached a record low. EURUSD settled around the 1.1400 mark, above yesterday’s 13-month low at 1.1365. USDJPY recouped back toward the 111.0 level after posting a seven-week low at 110.11 yesterday. PBoC set the reference rate for USDCNY at 6.8695, versus 6.8629 yesterday. China’s statistics bureau said that the weaker Yuan, which has declined the most against the Dollar since April on record (in the era of the prevailing regime), and perhaps aiming to counter the wrath of President Trump, was a reflection of the Fed’s tightening cycle. AUDUSD firmed above 0.7770, finding a footing after 3 consecutive days of declines. Australia data showing business confidence rising provided the Aussie a supporting influence.

Charts of the Day

Main Macro Events Today
UK Average Earnings Index – Expectations – Average Household Earnings expected to come in with 2.5% y/y and 2.7% y/y growth in both the including- and ex-bonus figures, which would match the respective growth rates that were seen in the month prior.
UK Unemployment Rate – Expectations – The labour report expected to show unemployment holding unchanged at 4.2% in June.
Eurozone GDP – Expectations – Eurozone Q2 GDP is likely to be confirmed at 0.3% q/q.
German ZEW Economic Sentiment – Expectations – A slight improvement is anticipated in the headline number to -24.0, from -24.7 in the previous month.
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Andria Pichidi
Market Analyst
HotForex

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